Regional Economics: Theory and Practice
 

Energy strategy of Russia in oil and gas export: The factor of excess transport capacity

Vol. 16, Iss. 4, APRIL 2018

Received: 20 February 2018

Received in revised form: 2 March 2018

Accepted: 12 March 2018

Available online: 14 April 2018

Subject Heading: ECONOMIC SECURITY

JEL Classification: F52, L71, Q48

Pages: 695–710

https://doi.org/10.24891/re.16.4.695

Makarova Yu.V. Lomonosov Moscow State University, Moscow, Russian Federation
j.savunova@gmail.com

https://orcid.org/0000-0001-5129-8175

Importance This article deals with the issues of infrastructure of oil and gas export from Russia, geography of raw materials supply and plans to expand the resource transportation network. The issue of transport overcapacity is considered in terms of the institutional characteristics of the industry, geographical aspects of the energy strategy, and the country's energy security considerations.
Objectives The article aims to analyze the energy strategy of Russia in the field of oil and gas export, as well as identify possible causes of surplus of production capacity.
Methods For the study, I used the methods of systems, structural and comparative analyses, and the concrete historical approach.
Results The analysis of the existing infrastructure of oil and gas export from Russia shows the availability of excess capacity. The capacity utilization ratios are different for both sectors, as well as different supply routes. The large infrastructure enhancement projects reveal the long-term nature of the problem.
Conclusions The dominant role of the State in the Russian energy sector has contributed to the active development of transport capacity. The strategic pivot towards Asia reduces the use of transport infrastructure in the western direction. The results of the analysis can be used to update the Russian energy strategy.

Keywords: energy strategy, energy security, oil export, gas export

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